Paradise Blocks A Few States Today

[Nate tha\\\' Great]

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I think this is a very bad sign folks....If you recall, 60 minutes had a piece on internet gaming and they actually interviewed someone from Paradise Poker and they basically said they did not care what the laws in the U.S. were. With this 360 degree change, they are obviously stating that they now do care and will abide by U.S. law which means that they don't think it will be possible to avoid prosecution by the U.S. authorities if they continue to take U.S. clients.

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All that you're really seeing is companies behaving rationally. Both the risks and rewards are substantial here, but the companies involved are by and large making sound judgmenets based on their corporate form, their geography, the percentage of business that they do in the US, and related factors. Corporate philosophy -- Sportingbet tending to be more maverick, or PokerStars tending to be more cautious -- goes out the window when the stkaes are this high.